The past hour the Internet has been all abuzz with news that George Lucas has sold Lucasfilm, Industrial Light & Magic, Skywalker Sound, and the rights to the expanded Star Wars universe to Disney for $4.05 billion (half in cash and half in 40 million shares of Disney). Kathleen Kennedy, current co-chairman of Lucasfilm, will take over as President of the company and serve as executive producer for Star Wars: Episode VII which is tentatively scheduled for a 2015 release date.
[via New York Times]